In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income$60,000?Accounts payable decreased by 22,000?Accounts receivable increased by 29,000?Inventories increased by 9000?Depreciation expense 38,000?Net cash provided by operating activities was:
A. $100,000.
B. $64,000.
C. $60,000.
D. $38,000.
E. $82,000.
Answer: D
You might also like to view...
For ______ to succeed, one speaker must begin speaking before being yielded the floor.
A. interruption B. argument C. consensus D. small talk
Once people have been selected into the organization, the ______ section of the practitioner’s model of human resource management describes how managers might coach, counsel, and/or discipline employees.
A. 21st-century HRM, strategic planning, and HR laws B. developing and managing C. protecting and expanding D. compensating
The total amount of salary you earn before taxes are deducted is your ______ salary.
A. gross B. after-tax C. take-home D. net E. liquid
Laramie Co. paid $800,000 for a purchase that included land, building, and office furniture. An appraiser provided the following estimates of the market values of the assets if they had been purchased separately: Land, $100,000, Building, $740,000, and Office Furniture, $160,000. What is the cost that should be allocated to the land?
A. $100,000 B. $80,000 C. $70,000 D. $107,000